Giant Network Group Second Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 08/30 22:27

Giant Network Group (SZSE:002558) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥730.7m (down 22% from 2Q 2023).
  • Net income: CN¥365.3m (down 13% from 2Q 2023).
  • Profit margin: 50% (up from 45% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.20 (down from CN¥0.23 in 2Q 2023).
earnings-and-revenue-growth
SZSE:002558 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Giant Network Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are up 7.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Giant Network Group that you should be aware of before investing here.